2021-04-22T11:42:02-05:00 2020-08-31 861065772 DELOITTE TAX LLP TWO JERICHO PLAZA JERICHO NY 117531683 990 2019-09-01 363422138 MAKE-A-WISH FOUNDATION OF ILLINOIS INC MAKE 3126029474 640 NORTH LASALLE DRIVE NO 280 CHICAGO IL 606543754 STEPHANIE SPRINGS CHIEF EXECUTIVE OFFICER 3126029474 2021-03-31 1 CHRISTINE KAWECKI P00743140 5169187000 2021-04-13 2019 2022-09-23 18:48:47Z STEPHANIE SPRINGS 640 NORTH LASALLE DRIVE NO 280 CHICAGO IL 606543754 13042764 0 X WWW.ILLINOIS.WISH.ORG X 1985 IL SEE SCHEDULE O. 33 33 71 1682 0 0 11909230 11936788 5400 3375 278678 191950 86116 27980 12279424 12160093 7265960 3715920 0 0 4359685 4573189 0 0 1995848 1614631 1760579 13240276 10049688 -960852 2110405 12588652 14358010 1389973 1451307 11198679 12906703 X TOGETHER WITH OUR COMMUNITY THE MAKE-A-WISH FOUNDATION OF ILLINOIS CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. 0 0 6644684 3715920 29100 SEE SCHEDULE O. 6644684 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 30 2 1 71 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X DARYL THOMANN 3126029474 640 NORTH LASALLE DRIVE STE 280 CHICAGO IL 606543754 THOMAS ELLMAN DIRECTOR-CHAIR 2.00 X X 0 0 0 CARLIN ADRIANOPOLI DIRECTOR-VICE CHAIR 2.00 X X 0 0 0 CHRISTOPHER GRIFFIN DIRECTOR-VICE CHAIR 2.00 X X 0 0 0 CHRIS CRAWFORD DIR-CORP DOCS OFFICER 2.00 X X 0 0 0 KRISTINA PASCHALL DIRECTOR-TREASURER 2.00 X X 0 0 0 CARLOS ALONSO DIRECTOR 2.00 X 0 0 0 CARI BUCCI DIRECTOR 2.00 X 0 0 0 PAULO BOLGAR DIRECTOR 2.00 X 0 0 0 CHARLES BROOKS DIRECTOR 2.00 X 0 0 0 MARK CHONG DIRECTOR 2.00 X 0 0 0 MARIANNE DOAN DIRECTOR 2.00 X 0 0 0 SCOTT DUNCAN DIRECTOR 2.00 X 0 0 0 DANIEL HANRAHAN DIRECTOR 2.00 X 0 0 0 PAM HENSON DIRECTOR 2.00 X 0 0 0 MICHAEL LEMON DIRECTOR 2.00 X 0 0 0 DARYL LUKE DIRECTOR 2.00 X 0 0 0 JASON MASLAN DIRECTOR 2.00 X 0 0 0 LINDA MCGOVERN DIRECTOR 2.00 X 0 0 0 MARK MISHLER DIRECTOR 2.00 X 0 0 0 PAT NASH DIRECTOR 2.00 X 0 0 0 DIPAK PATEL DIRECTOR 2.00 X 0 0 0 VALLI PERERA DIRECTOR 2.00 X 0 0 0 BARBARA PERINO DIRECTOR 2.00 X 0 0 0 NANETTE REYNOLDS DIRECTOR 2.00 X 0 0 0 TODD RICHARDS DIRECTOR 2.00 X 0 0 0 CHRISTINE SINNOTT DIRECTOR 2.00 X 0 0 0 THOMAS SOUTH DIRECTOR 2.00 X 0 0 0 SANTIAGO LUQUE SUESCUN DIRECTOR 2.00 X 0 0 0 ANNA VOORTMAN DIRECTOR 2.00 X 0 0 0 MICHAEL WARMUTH DIRECTOR 2.00 X 0 0 0 SHERI WARSH DIRECTOR 2.00 X 0 0 0 AMANDA WORTHINGTON DIRECTOR 2.00 X 0 0 0 SUSAN YEAZEL DIRECTOR 2.00 X 0 0 0 STEPHANIE SPRINGS CHIEF EXECUTIVE OFFICER 45.00 X 308259 0 11941 DARYL THOMANN CHIEF OPERATING OFFICER 45.00 X 181814 0 27271 HEATHER SIMPSON CHIEF DEVELOPMENT OFFICER 45.00 X 187072 0 983 RYAN BLACKBURN VP OF MARKETING 45.00 X 123423 0 22149 BRIDGET O'CONNELL VP OF MISSION DELIVERY 45.00 X 130789 0 8341 WENDY SCHULTZ DIRECTOR OF CORPORATE GIVING 40.00 X 114979 0 9658 ANDREA SUDERSKI ACCOUNTING DIRECTOR 40.00 X 105852 0 2577 1152188 0 82920 7 0 1 0 WINDY CITY LIMOUSINE 2801 S 25TH AVE BROADVIEW IL 60155 LIMOS FOR WISH FAMILIES 253225 CHICAGO SIGNATURE SERVICES 600 E GRAND AVE CHICAGO IL 60611 CATERING FOR WISH BALL 183433 SOOFCO PRODUCTIONS INC 159 W 53RD ST SUITE 32C NEW YORK CITY NY 10019 ENTERTAINMENT FOR WISH BALL 150000 FROST CHICAGO 830 W 40TH ST CHICAGO IL 60609 PRODUCTION FOR WISH BALL 103026 4 22077 1690190 10224521 731208 11936788 WISH ASSIST FEES 900099 3375 3375 3375 297911 297911 489000 594961 -105961 -105961 -105961 285415 1690190 285415 0 4550 2295 2255 2255 REBATES 900099 25725 25725 25725 12160093 29100 0 194205 3715920 3715920 737894 72000 339380 326514 3258048 1500942 754272 1002834 29409 14496 5443 9470 324279 148671 60731 114877 223559 112283 41964 69312 3900 1820 875 1205 42946 20044 9632 13270 46604 19746 6342 20516 15959 5353 10606 190218 95129 11269 83820 31438 14673 7051 9714 330476 161607 71019 97850 29484 15111 1814 12559 50012 16016 33996 5751 2684 1290 1777 44798 19480 12421 12897 NATIONAL DUES 837479 661607 83749 92123 PROMO APPRECIATION GIFT 75891 45133 7968 22790 BANK/MERCHANT CARD FEES 35438 3194 32244 BAD DEBT 25000 25000 -4815 1969 -9258 2474 10049688 6644684 1409156 1995848 10170 5085 0 5085 X 672756 3807835 1686132 166921 9583 0 518166 559366 478396 361892 118677 116504 9205757 9375377 377581 332007 12588652 14358010 1021101 439335 23313 0 744005 345559 267967 1389973 1451307 X 5397050 8514097 5801629 4392606 11198679 12906703 12588652 14358010 2110405 467626 -870007 0 X 0 1 X 1 0 X 11699152 12217527 12513045 11909230 11936788 60275742 11699152 12217527 12513045 11909230 11936788 60275742 2245405 58030337 256777 240415 251467 271147 297911 1317717 1310900 1287673 1379746 1397014 315690 5691023 67284482 35975 0.86250 0.88090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING EVENT REVENUE - 2015 AMOUNT: $ 1,214,706. 2016 AMOUNT: $ 1,202,806. 2017 AMOUNT: $ 1,287,641. 2018 AMOUNT: $ 1,302,538. 2019 AMOUNT: $ 285,415. GROSS GAMING REVENUE - 2015 AMOUNT: $ 39,706. 2016 AMOUNT: $ 36,139. 2017 AMOUNT: $ 43,491. 2018 AMOUNT: $ 42,906. 2019 AMOUNT: $ 4,550. OTHER INCOME - 2015 AMOUNT: $ 56,488. 2016 AMOUNT: $ 48,728. 2017 AMOUNT: $ 48,614. 2018 AMOUNT: $ 51,570. 2019 AMOUNT: $ 25,725. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4115499 48000 275998 189000 24812 4225685 3619024 548000 145025 182000 14550 4115499 3570720 48000 180634 162000 18330 3619024 3377011 48000 320214 157000 17505 3570720 3250882 68000 225412 151000 16283 3377011 0.00000 0.89390 0.10610 0 0 8539 6404 2135 270533 183571 86962 199324 171917 27407 116504 DEFERRED RENT 167017 DEFERRED EMPLOYER SOCIAL SECURITY 86915 CAPITAL LEASE OBLIGATIONS 9853 DUE TO NATIONAL 4182 267967 X 12297482 467626 -287291 180335 12117147 42946 42946 12160093 10589458 582716 582716 10006742 42946 42946 10049688 PART V, LINE 4: PERMANENTLY RESTRICTED ENDOWMENT FUND INCOME IS EXPENDABLE TO SUPPORT WISH GRANTING AND REFERRAL OUTREACH. THE TEMPORARILY RESTRICTED PORTION IS THE EXPENDABLE INCOME. PART X, LINE 2: MANAGEMENT BELIEVES THAT NO UNCERTAIN TAX POSITIONS EXIST FOR THE FOUNDATION AT AUGUST 31, 2020 AND 2019. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE APPLICABLE STATE JURISDICTIONS. PART XII, LINE 2A: THE REVENUE AND EXPENSES RECONCILING ITEMS TO AUDITED NET ASSETS TOTALING $870,007 ARE FOR DONATED SERVICES AND USE OF FACILITIES RECORDED AT AUGUST 31, 2019. THIS IS A RECONCILING ITEM BETWEEN OUR FINANCIAL STATEMENTS AND 990 AS DONATED SERVICES AND USE OF FACILITIES ARE NOT REPORTED IN FORM 990. THE AMOUNT REFLECTS TRAVEL-RELATED DONATIONS FOR WISHES IN PROGRESS, BUT NOT YET GRANTED, FOR WHICH WRITTEN CONFIRMATION OF IN-KIND DONATIONS HAD BEEN RECEIVED AS OF AUGUST 31, 2019. THE AMOUNT REVERSED WOULD NORMALLY BE OFFSET BY A SIMILAR AMOUNT AS OF THE END OF THIS FISCAL YEAR, BUT THERE WERE NO FUTURE TRAVEL RESERVATIONS BOOKED AT AUGUST 31, 2020 DUE TO COVID-19 RESTRICTIONS. WISH BALL 1145983 1145983 WALKS FOR WISHES 290372 260922 29450 20201 5750 3499 6 539250 283285 255965 19768 26849 209348 1975605 1690190 285415 39969 26849 5750 212847 285415 0 4550 2295 0 4550 2295 2295 2255 IL 1 0 0 0 1.00000 ANDREA SUDERSKI 640 N LASALLE DRIVE STE 280 CHICAGO IL 60654 0 DEBBIE PURCELLANDREA SUDERSKI 500 PROVIDES OVERSIGHT FOR RECORDKEEPING, COMPLIANCE AND ASSISTANCE TO EMPLOYEES AND VOLUNTEERS X 0 PART III, LINE 16 GAMING MANAGER INFORMATION GAMING IS CO-MANAGED BY TWO EMPLOYEES, ANDREA SUDERSKI, ACCOUNTING DIRECTOR, AND DEBBIE PURCELL, SIGNATURE EVENTS DIRECTOR. THEY PROVIDE OVERSIGHT FOR RECORDKEEPING, DEPOSITS, COMPLIANCE WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND MANAGE ALL EMPLOYEES AND VOLUNTEERS ASSISTING WITH GAMING. COMPENSATION ALLOCABLE TO GAMING FOR THE FISCAL YEAR ENDED AUGUST 31, 2020 IS APPROXIMATELY $500 TOTAL. 1 0 0 WISHES GRANTED 390 491469 3224451 FMV TRAVEL, M&E, SUPPLIES PART I, LINE 2: THE ORGANIZATION DOES NOT PROVIDE CASH GRANTS TO INDIVIDUALS, BUT RATHER GRANTS WISHES TO SELECTED BENEFICIARIES THAT MEET THE SPECIFIC CRITERIA FOR THE WISH GRANTING PROGRAM. THE ORGANIZATION GENERALLY ALLOCATES FUNDS DIRECTLY TO THE VENDORS FOR THE WISH EXPENSES. HOWEVER, CASH ASSISTANCE IN THE FORM OF DECLINING BALANCE CARDS IS PROVIDED TO WISH CHILDREN AND THEIR FAMILIES TO COVER CERTAIN EXPENSES FOR SOME WISH TYPES, PRIMARILY TRAVEL STIPENDS FOR TRAVEL WISHES (E.G. MEALS, TIPS, GAS ,ETC.). THE PURPOSE AND AMOUNT OF ASSISTANCE IS COMMUNICATED TO THE WISH FAMILY PRIOR TO THE ISSUANCE OF THE CARD SO THAT THE FAMILY IS AWARE OF THE INTENDED USE FOR THE FUNDS. X X X X 0 0 0 0 0 0 0 1 0 STEPHANIE SPRINGS CHIEF EXECUTIVE OFFICER 271145 0 37114 0 0 0 4043 0 7898 0 320200 0 0 0 DARYL THOMANN CHIEF OPERATING OFFICER 174453 0 7361 0 0 0 2415 0 24856 0 209085 0 0 0 HEATHER SIMPSON CHIEF DEVELOPMENT OFFICER 183435 0 3637 0 0 0 0 0 983 0 188055 0 0 0 PART I, LINE 7 COMPENSATION FOR THE CEO AND LEADERSHIP TEAM INCLUDES AN INCENTIVE PROGRAM WHICH IS DISCRETIONARY AND ONLY AWARDED UPON APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD BASED ON ACHIEVEMENT OF KEY FINANCIAL AND OPERATIONAL METRICS, AND ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE. X 11 48115 COST/SELLING PRICE X MEALS/ACTIVITIES 156 272865 COST/SELLING PRICE X ITEMS/ACTIVITIES 383 244262 COST/SELLING PRICE X EVENT AUCTION 337 133424 COST/SELLING PRICE X AIRFARE 30 32542 COST/SELLING PRICE 0 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN B FOR "MEALS/ACTIVITIES AND "AIRFARE" IS THE NUMBER OF WISHES TO WHICH CONTRIBUTIONS WERE APPLIED. THERE WERE MANY DONORS WHO MADE CONTRIBUTIONS OF VARIOUS AMOUNTS. THEIR CONTRIBUTIONS ARE POOLED AND USED TO SUPPORT TRAVEL RELATED WISHES. THE NUMBER IN COLUMN B FOR OTHER CATEGORIES IS THE NUMBER OF CONTRIBUTIONS AS LISTED BY THE DATE OF EACH CONTRIBUTION. PART I, LINE 32B: THE FOUNDATION USES A BROKERAGE FIRM TO SELL DONATED SECURITIES. FORM 990, PART I, LINE 1: TOGETHER WITH OUR COMMUNITY THE MAKE-A-WISH FOUNDATION OF ILLINOIS CREATES LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. FORM 990, PART III, LINE 4A: OVER 16,000 WISHES HAVE BEEN GRANTED SINCE INCEPTION IN 1985. IN THE PAST YEAR, THE FOUNDATION FULFILLED THE WISHES OF 390 CHILDREN IN ILLINOIS, MUCH LOWER THAN OUR AVERAGE VOLUME OF 713 WISHES OVER THE PRIOR THREE YEARS, DUE TO THE COVID-19 PANDEMIC. ON MARCH 10, 2020, MAKE-A-WISH AMERICA WITH ITS MEDICAL ADVISORY COUNCIL MADE THE DECISION TO PAUSE ALL WISHES INVOLVING TRAVEL AND LARGE GATHERINGS UNTIL DEEMED MEDICALLY SAFE FOR OUR VULNERABLE CHILDREN AND THEIR FAMILIES. AS OF AUGUST 31, 2020, THERE WERE 1,266 CHILDREN IN OUR PIPELINE WHOSE WISH JOURNEYS ARE IN PROGRESS. THIS REPRESENTS AN INCREASE OF 212 OVER LAST YEAR DUE TO THE TEMPORARY PAUSE ON TRAVEL RELATED WISHES IN PARTICULAR, WHICH TYPICALLY REPRESENT 83% OF ALL WISHES. THE PROGRAM EXPENSE RATIO HAS ALSO BEEN IMPACTED. THE RATIO IS TYPICALLY 80% IN THE AUDITED FINANCIAL STATEMENTS. THE RATIO, SLIGHTLY LOWER IN FORM 990 BECAUSE OF THE EXCLUSION OF DONATED TRAVEL SERVICES AND USE OF FACILITIES, IS 66% THIS YEAR AND WAS 75% LAST YEAR. DESPITE THESE TEMPORARY RESTRICTIONS ON WISHES, THE ORGANIZATION REMAINS FULLY COMMITTED TO EQUITABLY SERVING EVERY ELIGIBLE CHILD IN ILLINOIS, INCLUDING CONDUCTING DEEPER OUTREACH TO UNDERSERVED COMMUNITIES. OUR STRONG MEDICAL OUTREACH AND COMMUNITY PRESENCE PROGRAMS, AS WELL AS STAFF AND VOLUNTEERS THAT WORK DIRECTLY IN THE COMMUNITY, CONTINUE TO SUPPORT THE ORGANIZATION'S STRONG TIES WITH INDIVIDUALS, COMMUNITY GROUPS, HOSPITALS, AND CORPORATIONS THROUGHOUT ILLINOIS. FORM 990, PART I, SUMMARY, LINE 5 AND FORM 990, PART V, LINE 2A: EMPLOYEES THE NUMBER OF EMPLOYEES REPORTED ON THE 2019 FORM W-3, TRANSMITTAL OF WAGE AND TAX STATEMENTS WAS 71. THIS REPRESENTS ANY INDIVIDUAL COMPENSATED THROUGH PAYROLL AT SOME POINT DURING THE CALENDAR YEAR. THERE WERE 52 EMPLOYEES AS OF AUGUST 31, 2020, OUR FISCAL YEAR END. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF FORM 990 TO THE FINANCE COMMITTEE. THE ORGANIZATION'S CHIEF OPERATING OFFICER AND ACCOUNTING DIRECTOR WORKED CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM IT ENGAGED, DELOITTE TAX LLP, TO PREPARE THE RETURN. THE FINAL FORM 990 WAS REVIEWED BY THE CEO AND FINANCE COMMITTEE AND DISCUSSED WITH FINANCE STAFF AND DELOITTE. THE FINANCE COMMITTEE VOTED TO APPROVE THE FORM FOR FILING. SUBSEQUENT TO ITS REVIEW, THE FINANCE COMMITTEE REPORTED BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990 AND A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: MONITORING AND ENFORCEMENT THE FOUNDATION HAS A CODE OF ETHICS AND CONFLICT OF INTEREST POLICY, APPROVED BY THE BOARD OF DIRECTORS. THIS POLICY DEFINES WHAT IS CONSIDERED TO BE A CONFLICT OF INTEREST, THE PROCESS THAT BOARD OFFICERS, BOARD MEMBERS, EMPLOYEES, AND VOLUNTEERS SHOULD UNDERTAKE IF THEY BELIEVE THEY MAY HAVE A CONFLICT OF INTEREST, AND THE RESOLUTION PROCESS. THIS POLICY INCORPORATES STANDARDS DEVELOPED BY MAKE-A-WISH AMERICA TO HAVE AN ANNUAL CONFLICT OF INTEREST ASSURANCE STATEMENT SIGNED BY EACH OF THESE INDIVIDUALS. IT ADDITIONALLY REQUIRES BOARD OFFICERS, BOARD MEMBERS, AND EMPLOYEES TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, TO MORE PROACTIVELY PROMPT FOR IDENTIFICATION OF POTENTIAL CONFLICTS. ASSURANCE AND DISCLOSURE STATEMENTS MUST BE SIGNED UPON DATE OF HIRE, ELECTION, OR COMMENCEMENT OF VOLUNTEER SERVICE, AND AT LEAST ANNUALLY THEREAFTER. THE SIGNED STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE TALENT TEAM STAFF. REVIEW OF THE STATEMENTS IS MONITORED BY THE CHIEF OPERATING OFFICER AND CHIEF EXECUTIVE OFFICER. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST BEGIN WITH FORWARDING THE ISSUE FOR HANDLING TO THE DESIGNATED AUTHORITY (E.G. CEO FOR EMPLOYEE AND VOLUNTEER ISSUES, BOARD CHAIR OR COMMITTEE CHAIR FOR BOARD MEMBERS). THE DESIGNATED AUTHORITY WILL DETERMINE THE NATURE OF THE CONFLICT VIA THE WRITTEN DISCLOSURE STATEMENT AS WELL AS ANY ADDITIONAL VERBAL OR WRITTEN COMMUNICATIONS WITH THE INTERESTED PERSON. THE DESIGNATED AUTHORITY HAS RESPONSIBILITY TO DETERMINE APPROPRIATE RESOLUTION. AS NOTED IN THE POLICY, ALL INTERESTED PERSONS HAVE A RESPONSIBILITY TO ACT BY COMPLETING AND SUBMITTING THE DISCLOSURE STATEMENT, AS WELL AS REFRAIN FROM TAKING ANY FURTHER ACTION ON BEHALF OF THE FOUNDATION PENDING CONCLUSION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A TOP MANAGEMENT OFFICIALS' COMPENSATION THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS ACCOUNTABLE FOR APPROVING THE CEO'S COMPENSATION PACKAGE. CONSISTENT WITH THE ORGANIZATION'S PHILOSOPHY AND PRINCIPLES, THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA FOR THE CEO. IT ALSO APPROVES THE INCENTIVE TERMS FOR THE LEADERSHIP TEAM, WHICH CONSISTS OF THE CHIEF OPERATING OFFICER, CHIEF DEVELOPMENT OFFICER, VP OF MISSION DELIVERY, AND VP OF MARKETING. THE EXECUTIVE COMMITTEE IS COMPRISED SOLELY OF INDEPENDENT DIRECTORS, NONE OF WHOM HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE CEO'S COMPENSATION PACKAGE AND LEADERSHIP TEAM INCENTIVE TERMS. THE COMPENSATION COMMITTEE IS APPOINTED BY THE EXECUTIVE COMMITTEE AND IS TASKED WITH MAKING RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE ON THE TOTAL COMPENSATION PACKAGE FOR THE CEO AND INCENTIVE PAYOUTS FOR THE LEADERSHIP TEAM. THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST 3 BOARD MEMBERS AND A QUALIFIED INDEPENDENT COMPENSATION AND BENEFITS PROFESSIONAL ("INDEPENDENT PROFESSIONAL"), CURRENTLY KORN FERRY. AS SUPPORT FOR THE CEO'S COMPENSATION PACKAGE, COMPARABILITY DATA IS OBTAINED FROM KORN FERRY (I.E.TOTAL COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR SIMILAR JOB RESPONSIBILITIES). THIS DATA IS UPDATED ANNUALLY. THE EXECUTIVE COMMITTEE'S WRITTEN RECORDS RELATED TO COMPENSATION INCLUDE: 1) THE TERMS OF THE COMPENSATION ARRANGEMENTS; 2) A DESCRIPTION OF THE COMPARABLE DATA RELIED UPON BY THE EXECUTIVE COMMITTEE; AND 3) DOCUMENTATION OF THE COMPENSATION DECISIONS MADE BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE FOUNDATION POSTS ITS ANNUAL REPORT AND FORM 990 ON ITS WEB SITE AND ALSO MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 24: UNSECURED NOTES PAYABLE IS A PAYROLL PROTECTION PROGRAM LOAN, PART OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT PASSED BY THE U.S. CONGRESS IN MARCH 2020 AND ADMINISTERED BY THE U.S. SMALL BUSINESS ADMINISTRATION. THE LOAN OF $744,005 WAS OUTSTANDING AS OF AUGUST 31, 2020. THE ENTIRE AMOUNT OF THE LOAN WAS SUBSEQUENTLY FORGIVEN ON FEBRUARY 23, 2021.